Using IRA and Annuity to buy real estate
Hi I have a Roth IRA, a SEP IRA and an annuity. Am I able to invest in real estate with these? I am not making a good return in these investment vehicles so I'd rather use that money to buy real estate. Any advice would be appreciated. Thanks!
Most Popular Reply
Dmitriy Fomichenko
#1 New Member Introductions Contributor
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
- 6,330
- Votes |
- 18,004
- Posts
Dmitriy Fomichenko#1 New Member Introductions Contributor
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
Not the annuity.
Both Roth IRA and SEP IRA can be transferred into self-directed IRA's, but not combined because one is pre-tax and other post-tax accounts. Therefore you will need two separate self-directed IRAs.
The only way to combine them is to convert SEP IRA into Roth, which is a taxable event.